so unsophisticated have to pay? whats the difference?
exposed_anus on
How do i become sofistikatted
sartreofthesuburbs on
*Puts on top hat…
GreedVault on
It’s like promoting wealthy investors to Hong Kong to invest in cryptos, while regular Hongkongers just have to pay the usual capital gains tax. The usual double standard.
hiorea on
Im something of a sophisticated myself
coinfeeds-bot on
tldr; Hong Kong plans to waive tax on investment gains from crypto and other assets for sophisticated investors to boost its appeal as a wealth management hub. The proposal, from the Financial Services and the Treasury Bureau, aims to extend capital gains tax exemptions to crypto, overseas properties, and more, applicable to privately offered funds and single-family office investment vehicles. This move is part of Hong Kong’s broader strategy to foster blockchain innovation and attract institutional interest in digital assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
PeterParkerUber on
Sound about right eh.
Tax evasion if you’re rich means you’re smart.
Tax evasion if you’re poor means you’re a criminal.
7 Comments
so unsophisticated have to pay? whats the difference?
How do i become sofistikatted
*Puts on top hat…
It’s like promoting wealthy investors to Hong Kong to invest in cryptos, while regular Hongkongers just have to pay the usual capital gains tax. The usual double standard.
Im something of a sophisticated myself
tldr; Hong Kong plans to waive tax on investment gains from crypto and other assets for sophisticated investors to boost its appeal as a wealth management hub. The proposal, from the Financial Services and the Treasury Bureau, aims to extend capital gains tax exemptions to crypto, overseas properties, and more, applicable to privately offered funds and single-family office investment vehicles. This move is part of Hong Kong’s broader strategy to foster blockchain innovation and attract institutional interest in digital assets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Sound about right eh.
Tax evasion if you’re rich means you’re smart.
Tax evasion if you’re poor means you’re a criminal.